A separate loan needs to be taken to pay these bribes
Owning an independent property in the heart of a metropolis is now wishful thinking. With skyrocketing real estate prices, individuals aspiring to own their own homes need to think twice before contemplating such a move.
However, the joy of a bank or housing finance corporation offering to assist with loans turns bitter when the prospective buyers encounter demands for bribe to get the loan sanctioned.
One such bribe-giver, who posted a complaint on our portal, was demanded a bribe of Rs. 50,000 by the housing loan department affiliated to the government. As usual, he had all the necessary documents on hand but is not given his due http://ipaidabribe.com/bribe-central/bribe-gic-housing-finance-home-loan-sanctioning-department. Imagine, the bitterness when one, who is neck-deep in debt, ends up adding the bribe loan too to it.
Another individual refused to succumb to a preposterous demand put forth by the bank at Bhuvaneshwar, where she was employed. Her father wrote to us that the manager and assistant manager of this government undertaking demanded Rs two lakh as bribe. After much negotiation, the sum was reduced to Rs 1.8 lakh! Angered by the huge sum demanded, the family managed to procure loan from another bank http://ipaidabribe.com/bribe-central/home-building-loan.
It is such a shock that in this era where private banks vie with one another to woo the home-buying consumer, the old habits of bureaucrats refuse to die.